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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


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Spotify, Hollywood producer Chernin to adapt podcast shows for films, TV

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09/24/2020 | 11:15am EDT
FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the NYSE in New York

Spotify Technology SA has signed a deal with Hollywood production house Chernin Entertainment to adapt the music streaming firm's podcast shows for films and television and sell them to other outlets, the companies said on Thursday.

The deal would unite Spotify, which has more than 1.5 million podcast titles, with media mogul Rupert Murdoch's former right-hand man and Chernin Entertainment founder Peter Chernin.

Chernin has produced hit films like "Ford v Ferrari", "The Greatest Showman", and "Hidden Figures". On the TV front, it has made the Zooey Deschanel-starrer "New Girl", and Apple Inc TV+ dramas "See" and "Truth Be Told".

The Swedish music streaming service already has a foothold in the film and TV space with its podcast series "Homecoming" having been adapted for a web series on Amazon.com Inc's Prime Video.

The companies said they will identify and adapt film and television shows from a library of more than 250 Spotify original series, inclusive of thousands of hours of content.

Spotify has been adding muscle to its podcast catalog this year by inking several exclusive partnerships, including those with AT&T Inc's DC Entertainment, Joe Rogan and Kim Kardashian West.

(Reporting by Rama Venkat in Bengaluru; Editing by Ramakrishnan M.)

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Financials (USD)
Sales 2020 369 B - -
Net income 2020 16 400 M - -
Net cash 2020 52 323 M - -
P/E ratio 2020 99,2x
Yield 2020 -
Capitalization 1 591 B 1 591 B -
EV / Sales 2020 4,17x
EV / Sales 2021 3,47x
Nbr of Employees 798 000
Free-Float 81,3%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 52
Average target price 3 741,47 $
Last Close Price 3 176,40 $
Spread / Highest target 41,7%
Spread / Average Target 17,8%
Spread / Lowest Target 5,78%
EPS Revisions
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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